Red Tape / Jargon
Licensee financials should be uploaded to NMLS within 90 days following its __________
Fiscal Year End
DOB employees must contact this service to report day-to-day sick absences and medical appointments
Workpartners
Once an exam is completed, exam reports, work papers, and timecards should be filed in SharePoint within what time frame?
One Business Day
What is the current MA sales tax rate?
6.25%
This platform is where timesheets and reimbursements are submitted
SSTA (Self Service Time and Attendance)
This regulation sets the standards for the protection of personal information of residents in the commonwealth
201 CMR 17
Consumers can search for unclaimed property, including refunds mandated by the Division, on this website
On what day of each year do license renewals begin?
November 1st
The Sales Tax Holiday in Massachusetts typically falls in what month of each year?
August
This centralized database is the legal licensing system of record for non-depository institutions nationally
NMLS (Nationwide Multistate Licensing System)
This regulation establishes the procedures and requirements for record keeping by Licensees
209 CMR 48
During what century did bank examinations first begin in Massachusetts
19th Century (1810-1811)
How many Women have held the position of Banking Commissioner for the MA DOB?
3
Our state received this less endearing colloquial nickname due to the financial burden imposed on its residents
Taxachusetts
This item requested from the Licensee should be based off a quality risk assessment that reflects the size and scope of business operations.
WISP (Written Information Security Program)
Massachusetts General Laws Chapter 93A section 2 covers this area of law, along with the Dodd Frank Act
Unfair, Deceptive, or Abusive Acts or Practices (UDAAP)
Much like the Division requires refunds to consumers by Licensees, a portion of MGL requires that this state Department issue a credit to taxpayers if total tax revenues in a given fiscal year exceed an annual cap tied to wage and salary growth in the Commonwealth.
Hint: You may have received a check from them in 2022
Department of Revenue
On a full scope examination, with no IT violations where in the Report should the comment be placed?
CMS Section
A ballot question during the 2022 midterm election amended the state constitution to authorize a 4% tax on Massachusetts taxpayers who receive more than $1 million in taxable income in a year. This tax is more commonly known as…
Millionaires Tax
This state agency oversees consumer protection, data breach reporting, home improvement contractors, amongst other regulatory functions
OCABR (Office of Consumer Affairs and Business Regulation